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Reactions of foreign firms to MineOne divestment order
4
Resolution / Starting Odds
Increase transparency and compliance efforts • 33%
Reconsider or reduce U.S. investments • 33%
No significant change in strategy • 34%
Public statements from foreign-owned companies, market analysis reports
Story
Biden Orders MineOne to Divest Land Near Wyoming Nuclear Base in 120 Days
May 13, 2024, 10:44 PM
President Joe Biden has issued an order blocking a Chinese-backed cryptocurrency mining firm, MineOne Partners Ltd., from owning land near the Francis E. Warren Air Force Base in Wyoming. The decision, made in coordination with the Committee on Foreign Investment in the United States (CFIUS), cites national security risks due to the proximity of the mining operation to a base housing U.S. nuclear ballistic missiles. The order requires MineOne Partners Ltd. to divest the property and remove its equipment within 120 days. The firm acquired the land in June 2022 and had been operating without proper clearance.
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No change in operations • 25%
Increase in divestments • 25%
Legal challenges • 25%
Seeking exemptions • 25%
Relocate operations within US • 25%
Exit US market • 25%
Negotiate with US government • 25%
Cease operations • 25%
Market unaffected • 25%
Market volatility increases • 25%
Cryptocurrency values drop • 25%
Increase in regulatory actions globally • 25%
Increase in foreign investment • 33%
Decrease in foreign investment • 33%
No significant change in foreign investment • 34%
MineOne wins • 33%
MineOne loses • 33%
Case dismissed or settled • 34%
Competitors increase market efforts • 33%
Competitors form strategic alliances • 33%
No significant change in competitor strategies • 34%
Negative impact • 33%
Positive impact • 33%
No significant impact • 34%
Continued operations without changes • 25%
Scaling down operations • 25%
Relocation of headquarters • 25%
Public condemnation of Article 23 • 25%
Retaliatory economic measures • 25%
Formal diplomatic protest • 25%
Negotiations for resolution • 25%
No significant response • 25%
Expansion of operations • 25%
Reduction of operations • 25%
Diversification into new markets • 25%
No significant change in operations • 25%
Support from other countries • 25%
Neutral responses • 25%
Criticism of China • 25%
No significant international reaction • 25%
Expand operations in Colombia • 33%
Maintain current operations • 33%
Reduce operations in Colombia • 33%